TiVo announced that it will acquire Digitalsmiths for $135M. Digitalsmiths advanced search and discovery platform is used by 7 of the top 10 MVPDs in the U.S. The deal is expected to close in the first quarter of 2015.
Digitalsmiths helps TiVo in a number of ways. TiVo is increasingly focused on becoming the multiscreen solution for pay-TV operators. The company has marquee deployments with Virgin Media in the UK, Com Hem in Sweden and Mediacom in the U.S. Digitalsmiths bolsters the company’s abilities in the U.S. by providing an entree into many of the top MVPDs.
TiVo also recently announced that it would introduce a network DVR. Digitalsmiths search and discovery platform is already available as a cloud service and should add to the already impressive recommendation engine provided with TiVo’s DVR.
Read press release